Asset bubbles and borrowing constraints

DOI10.1016/J.JMATECO.2007.07.002MaRDI QIDQ2469546zbMATH OpenOpenAlexFDO

Authors Takuma Kunieda

Publication date 6 February 2008

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2007.07.002

zbMATH Keywords

borrowing constraintsbubblesconstrained dynamic efficiencyheterogeneous agentsmonetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A Two-Sector Overlapping-Generations Model: A Global Characterization of the Dynamical System
• Assessing Dynamic Efficiency: Theory and Evidence
• Asset Bubbles and Overlapping Generations
• Bubbles and constraints on debt accumulation
• Bubbles and Crashes
• Debt, liquidity and dynamics
• Discrete Dynamical Systems
• Dynamic efficiency of steady-state equilibria in an overlapping- generations model with productive capital
• Existence, uniqueness, and stability of equilibrium in an overlapping- generations model with productive capital
• Injecting rational bubbles
• Nonshiftable capital, affine price expectations and convergence to the golden rule.
• Rational Asset Pricing Bubbles
• Simple Finite Horizon Bubbles Robust to Higher Order Knowledge
• Temporary bubbles.

Cited in

(25)

• Bubbles and constraints on debt accumulation
• Asset pledgeability and endogenously leveraged bubbles
• Financial bubbles and capital accumulation in altruistic economies
• Asset bubbles, credit market imperfections, and technology choice
• Debt constraints and monetary policy
• Lending constraints, real estate prices and business cycles in emerging economies
• Are speculative bubbles welfare improving? A note on Wang and Wen (2012)
• Asset bubble and endogenous labor supply: a clarification
• Toxic asset bubbles
• Robust bubbles with mild penalties for default
• TRANSACTION SERVICES AND ASSET-PRICE BUBBLES
• Safe asset shortages and asset price bubbles
• Idiosyncratic Risk, Borrowing Constraints and Asset Prices
• Produce or speculate? Asset bubbles, occupational choice, and efficiency
• A note on the crowd-in effect of asset bubbles in the perpetual youth model
• Rational housing bubble
• Bubbles and Self-Enforcing Debt
• DEFLATIONARY BUBBLES
• CASH-IN-ADVANCE CONSTRAINTS, BUBBLES, AND MONETARY POLICY
• Asset Bubbles and Overlapping Generations
• Monopolistic competition, dynamic inefficiency and asset bubbles.
• Asset bubbles and frictional intermediation
• Asset bubbles and inflation as competing monetary phenomena
• Credit constraints and the process of development
• On rational exuberance

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